http://triangle.bizjournals.com/triangle/othercities/losangeles/stories/2008/09/15/daily18...

Background:
Wachovia Corporation (Wachovia) is a financial holding company and a
bank holding company. It provides commercial and retail banking, and
trust services through full-service banking offices in Alabama,
Arizona, California, Colorado, Connecticut, Delaware, Florida,
Georgia, Illinois, Kansas, Maryland, Mississippi, Nevada, New Jersey,
New York, North Carolina, Pennsylvania, South Carolina, Tennessee,
Texas, Virginia and Washington, D.C. It also provides various other
financial services, including mortgage banking, investment banking,
investment advisory, home equity lending, asset-based lending,
leasing, insurance, international and securities brokerage services,
through other subsidiaries. The Company’s retail securities brokerage
business is conducted through Wachovia Securities, LLC, and operates
in 49 states. In October 2007, Wachovia completed the acquisition of
A.G. Edwards, Inc. In February 2007, the Company acquired a majority
interest in European Credit Management Ltd.